Write one difference each of the following with examples-
a. Fixed Capital and Working Capital
b. Land and Capital
c. Modern crying method and multiple cropping method.
Answers
Answer:
Explanation:
Fixed capital is the investments done by the business for accruing long-term benefits.
Working capital is the daily requirement pumped into the business.
Fixed capital is used to acquire non-current assets of the company.
Working capital is used to acquire the current assets of the company.
Land is a purely natural resource
capital comprises anything which has value. Ex. - money, gold, machinery etc. ...
Land is a primary factor of production meaning it is absolutely necessary for production
capital is a secondary factor of production.
There is no difference between two as both are interlinked. Modern Farming methods enabled multiple cropping
Answer:
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